09-03-2021, 05:28 PM
Unpopular opinion: I don't care about gas fees because I hold all my coins on an exc
<!-- SC_OFF --><div class="md"><p>Yeah, I know. "Not your keys not your coins." I understand, it sounds risky. </p> <p>But have I paid even a penny in transaction fees? Nope.</p> <p>Did I spend $100+ on a hardware wallet? Nope, I looked at the cool wallets online and put that $ directly into the last ETH dip. </p> <p>Am I investing only what I can afford to lose? Nope, a rugpull/exchange hack would ruin me financially.</p> <p>How do I sleep at night? (<em>I don't, but not because of this</em>)</p> <p>I have accounts on multiple KYC exchanges, each with a different $ amount of my portfolio based on how comfortable I am with holding that amount on the particular exchange. Some exchanges have more coins available than others, so that's another factor. One of these exchanges is listed directly on the NASDAQ. Another exchange is a subsidiary of a company listed on the CSE (Canadian Stock Exchange). <strong>Note: both DO have the option to withdraw your crypto, so it is "mine".</strong> It's 2FA secured and I am forewarned about any maintenance that limits my ability to trade.</p> <p>If these guys run away with my crypto, I think the SEC and CSA (Canadian Securities Administrators) will finally have a reason to stop browsing p*rnhub. It will give them a reason to bring that "regulation" that Gary Gensler is hot for. So I personally choose to believe the days of Mt.Gox and Quadriga are behind us, when it comes to BrandName<sup>TM</sup> exchanges. And that's why I don't complain about gas fees. Because I only pay the spread between buying and selling. </p> <p>With crypto gaining adoption, and being accepted as a security in some states, surely many are to follow. I believe this will lead to more investors and more people being comfortable with depositing and holding funds on an exchange, similar to on a brokerage when trading stocks.</p> <p>Anyways, just my 2 sats.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pma2kdota"> /u/Pma2kdota </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ph2p7z/unpopular_opinion_i_dont_care_about_gas_fees/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ph2p7z/unpopular_opinion_i_dont_care_about_gas_fees/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Yeah, I know. "Not your keys not your coins." I understand, it sounds risky. </p> <p>But have I paid even a penny in transaction fees? Nope.</p> <p>Did I spend $100+ on a hardware wallet? Nope, I looked at the cool wallets online and put that $ directly into the last ETH dip. </p> <p>Am I investing only what I can afford to lose? Nope, a rugpull/exchange hack would ruin me financially.</p> <p>How do I sleep at night? (<em>I don't, but not because of this</em>)</p> <p>I have accounts on multiple KYC exchanges, each with a different $ amount of my portfolio based on how comfortable I am with holding that amount on the particular exchange. Some exchanges have more coins available than others, so that's another factor. One of these exchanges is listed directly on the NASDAQ. Another exchange is a subsidiary of a company listed on the CSE (Canadian Stock Exchange). <strong>Note: both DO have the option to withdraw your crypto, so it is "mine".</strong> It's 2FA secured and I am forewarned about any maintenance that limits my ability to trade.</p> <p>If these guys run away with my crypto, I think the SEC and CSA (Canadian Securities Administrators) will finally have a reason to stop browsing p*rnhub. It will give them a reason to bring that "regulation" that Gary Gensler is hot for. So I personally choose to believe the days of Mt.Gox and Quadriga are behind us, when it comes to BrandName<sup>TM</sup> exchanges. And that's why I don't complain about gas fees. Because I only pay the spread between buying and selling. </p> <p>With crypto gaining adoption, and being accepted as a security in some states, surely many are to follow. I believe this will lead to more investors and more people being comfortable with depositing and holding funds on an exchange, similar to on a brokerage when trading stocks.</p> <p>Anyways, just my 2 sats.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pma2kdota"> /u/Pma2kdota </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ph2p7z/unpopular_opinion_i_dont_care_about_gas_fees/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ph2p7z/unpopular_opinion_i_dont_care_about_gas_fees/">[comments]</a></span>Kind Regards R